IOC may not sell ONGC stake soon

Oil Corp may not sell its stake in Oil and Natural Gas Corp by March as originally planned.

State-run Indian Oil Corp may not sell its stake in Oil and Natural Gas Corp by March as originally planned, the company's chairman Sarthak Behuria told reporters on Tuesday.

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He said the decision would depend on the extent of the subsidy the company gets, bonds issued by the government and market conditions.